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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income $ 62.0 $ 63.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22.7 21.7
Deferred income taxes 0.5 (0.1)
Stock-based compensation 4.6 3.9
Tax benefit on stock-based awards (1.2) (1.3)
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (27.1) (28.8)
Increase in inventories, net (6.1) (26.1)
Increase (decrease) in current liabilities (9.5) 11.8
Changes in other assets and liabilities, net 11.9 0.0
Contribution to qualified defined benefit pension plans (0.5) (20.6)
Other, net 1.1 1.9
Net cash provided by operating activities 58.4 25.8
Cash Flows from Investing Activities    
Capital expenditures (15.3) (16.3)
Acquisition of businesses, net of cash acquired (172.2) (126.8)
Purchases of available-for-sale investments (3.2) (3.3)
Proceeds from available-for-sale investments 2.2 0.5
Other, net 0.5 1.2
Net cash used in investing activities (188.0) (144.7)
Cash Flows from Financing Activities    
Long-term debt borrowings 397.0 0.0
Payments of short-term debt, net (48.2) (1.4)
Payment of dividends (35.5) (32.5)
Payment of dividends to noncontrolling interest (0.7) (0.6)
Repurchase of common shares (201.8) (76.0)
Tax benefit on stock-based awards 1.2 1.3
Debt issuance costs (3.6) 0.0
Net cash provided by (used in) financing activities 108.4 (109.2)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1.5) (12.5)
Decrease in cash and cash equivalents (22.7) (240.6)
Cash and cash equivalents    
Beginning of period 343.5 653.9
End of period $ 320.8 $ 413.3